London open: FTSE 100 at two-month low on taper fears
12th Dec 2013 08:44
- FTSE 100 at levels not seen since mid-October - US, Asian markets fall overnight - Sports Direct, Wood Group fall sharply early on techMARK 2,656.26 -0.69% FTSE 100 6,481.31 -0.41% FTSE 250 15,310.65 -0.56% Markets across Europe were trading in the red on Thursday morning with the FTSE 100 on tr
Read moreSuperGroup restoring credibility with impressive first half - UPDATE
12th Dec 2013 07:38
- H1 like-for-likes up 8.1 per cent - Underling EPS up 28.3 per cent - Drivers of womenswear, international and online Underlying first-half profits were marginally ahead of expectations at FTSE 250 clothing retailer SuperGroup, owner of the SuperDry brand, as international and online sales thrive
Read moreThursday preview: SuperGroup posts interim results
11th Dec 2013 15:53
SuperGroup will report its latest interim results on Thursday, four weeks after unveiling better-than-expected second-quarter growth. The parent company of fashion brand SuperDry last month posted growth of 18.5% with retail like-for-like (LFL) sales up 7.8%, boosted by womenswear and online shoppi
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreSuperGroup second-quarter sales soar - UPDATE
7th Nov 2013 08:29
- Q2 total sales up 18.5 per cent - Underlying store sales rise 7.8 per cent SuperGroup, the owner of the Superdry fashion brand, has delivered another stellar quarter of sales growth. The retailer said total sales for the 13 weeks to October 27th had leapt by 18.5% to £116.6m, meeting management
Read moreLondon close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreFTSE 250 movers: Supergroup hit by Burberry comments
7th Oct 2013 16:03
Supergroup shares took a significant hit after luxury brand Burberry's Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdown in China may be more than temporary; in fact, it could be the new reality. SuperGroup said back in July that China represents an "exciting
Read moreSector movers: Burberry, M&S drag peers lower
7th Oct 2013 15:39
Personal goods and retail stocks were out of favour on Monday with sector giants Burberry and Marks & Spencer providing a drag. Shares in British luxury brand Burberry were under heavy selling pressure after its Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdo
Read moreSunday share tips: Vedanta, Highland Gold, Barratt
8th Sep 2013 20:13
The Telegraph's Questor column said buy Vedanta. The natural resources group has completed a restructure that could bring $200m of tax savings. Analysts at Liberum Capital also think the fall in the value of the Indian rupee could boost EBITDA by $455m if the decline persists to the end of the year.
Read moreCan Pirc poke a hole in the Supergroup bubble?
8th Sep 2013 17:54
Since street fashion designer and retailer Supergroup [SGP] floated on London's main market back in 2010 it has hardly had the smoothest of sashays down the catwalk. It has almost seemed like the company was issuing profit warnings as often as the fashion seasons changed. The company, whose main b
Read moreFTSE 250 movers: SuperGroup shares retreat one day after record results
6th Sep 2013 14:26
Superdry owner SuperGroup was retreating one day after revealing its quarterly sales had soared by a quarter, following strong demand across the group, in particular womenswear, as it moves into the autumn period with confidence. The fashion retailer said total group sales for the quarter to July 2
Read moreFTSE 250 movers: ICAP leaps on Morgan Stanley comments
5th Sep 2013 15:53
Shares in broker ICAP leapt after comments from Morgan Stanley, which predicted the company is set to benefit from growing revenues and improved cost savings, and upgraded their rating on the stock to "overweight" from "underweight". Electronics specialist Dixons Retail was a strong riser on news
Read moreLondon midday: Stocks trim gains, BoE holds rates
5th Sep 2013 11:27
After a strong start for UK stocks, the FTSE 100 pared gains by lunchtime as nervousness set in ahead of a number of risk events that have the potential to spark some volatile moves on financial markets. Risk appetite was also scaled back ahead of the G20 meeting which begins in St Petersburg today
Read moreLondon open: Stocks surge ahead of BoE, ECB meetings
5th Sep 2013 08:13
The FTSE 100 jumped strongly in early trading on Thursday as investor risk appetite increased ahead of policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) later on. The Bank of Japan meeting overnight was "a bit of a non-event", according to Market Analyst Craig Erla
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